secwatch / observer
8-K filed March 16, 2026, 7:59 PM ET ticker PHR CIK 0001412408
debt confidence high sentiment positive materiality 0.60

Phreesia, Inc. (PHR): debt financing — Phreesia enters $275M revolving credit facility, repays bridge loan

Phreesia, Inc.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Phreesia, Inc. incurred credit facility of up to an aggregate principal amount of $275,000,000, of which approximately $92.2 million was borrowed on the Closing Da with Capital One, National Association at Term SOFR plus 2.50% or Base Rate plus 1.50% initially, thereafter Term SOFR plu.

Instrument
credit facility
Principal
up to an aggregate principal amount of $275,000,000, of which approximately $92.2 million was borrowed on the Closing Da
Counterparty
Capital One, National Association
Rate
Term SOFR plus 2.50% or Base Rate plus 1.50% initially, thereafter Term SOFR plu
Event
incurrence
Exact text from the filing
On March 13, 2026 (the “Closing Date”), Phreesia, Inc. (the “Company”) and certain of its subsidiaries (collectively, the “Credit Parties”) entered into a Credit Agreement (the “Credit Agreement”) by and among the Company, as the borrower, the other Credit Parties, as guarantors, the financial institutions from time to time party thereto as lenders, and Capital One, National Association, a national banking association (“Capital One”), as agent for the lenders and for itself as lender, providing for a senior secured revolving credit facility (the “Credit Facility”) up to an aggregate principal amount of $275,000,000, of which approximately $92.2 million was borrowed on the Closing Date
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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.99

Phreesia, Inc. entered into Credit Agreement with Capital One, National Association valued at senior secured revolving credit facility up to $275,000,000 (effective 2026-03-13).

Action
entry
Agreement
credit facility
Counterparty
Capital One, National Association
Value
senior secured revolving credit facility up to $275,000,000
Effective
2026-03-13
Exact text from the filing
On March 13, 2026 (the "Closing Date"), Phreesia, Inc. (the "Company") and certain of its subsidiaries (collectively, the "Credit Parties") entered into a Credit Agreement (the "Credit Agreement") by and among the Company, as the borrower, the other Credit Parties, as guarantors, the financial institutions from time to time party thereto as lenders, and Capital One, National Association, a national banking association ("Capital One"), as agent for the lenders and for itself as lender, providing for a senior secured revolving credit facility (the "Credit Facility") up to an aggregate principal amount of $275,000,000
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.99

Phreesia, Inc. terminated Goldman Bridge Loan Facility with Goldman Sachs Bank USA valued at terminated without penalty and repaid all outstanding indebtedness and obligations (effective 2026-03-13).

Action
termination
Agreement
credit facility
Counterparty
Goldman Sachs Bank USA
Value
terminated without penalty and repaid all outstanding indebtedness and obligations
Effective
2026-03-13
Exact text from the filing
On March 13, 2026, in connection with the Company's entry into the Credit Facility, the Company terminated without penalty, and repaid all outstanding indebtedness and obligations under, (i) its existing bridge loan credit agreement (the "Goldman Bridge Loan Facility"), dated as of November 12, 2025, by and among the Company, as borrower, certain subsidiaries of the Company, as guarantors, the lenders from time to time party thereto, and Goldman Sachs Bank USA, as administrative agent and collateral agent for the lenders, sole lead arranger and bookrunner, and a lender
View on SEC.gov

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Phreesia, Inc. filing history →

Source: SEC EDGAR
accession 0001412408-26-000057
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